Startup Professionals Musings

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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Unfortunately, even today, building a good product doesn’t guarantee you a business. Most entrepreneurs realize and budget for the additional costs of incorporating a business, marketing, equipment costs, and manufacturing.

Cost 264
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Every Small Business Should Celebrate the Positives

Startup Professionals Musings

Sponsored by VISA Business Running a small business as an entrepreneur is a never-ending challenge of new products, customers, competitors, and an unpredictable economy. Starting your own business means that you must be willing to give up the security of a regular paycheck. Few benefits. We couldn’t make it without you!

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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

Many, however, don’t know how to take their small business to the next level. What I’m talking about here is a level of discipline and skill necessary to collect and analyze the relevant business data, known as metrics. Investors realize that small companies with margins below 60% will likely have a tough time growing.

Metrics 252
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6 Mismatches In The Workplace Lead to People Burnout

Startup Professionals Musings

One of the dysfunctions I often see in my coaching and mentoring work with small businesses is team member burnout. The impact is low employee engagement , low productivity, and ultimately business failure or lack of growth. A recent survey shows that most value real flexibility over salary and benefits.

Employee 301
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5 Options To Consider Before Giving Up On A Business

Startup Professionals Musings

Be honest with them — let them know you might be able to save their jobs, at a reduced salary, if they can help you trim expenses down to the bare minimum. If they believe in you, there is always someone who will invest additional cash into your business to help you get back on your feet. Merge with another startup or small business.

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5 Alternatives To Shutting Down A Struggling Startup

Startup Professionals Musings

Be honest with them — let them know you might be able to save their jobs, at a reduced salary, if they can help you trim expenses down to the bare minimum. If they believe in you, there is always someone who will invest additional cash into your business to help you get back on your feet. Merge with another startup or small business.

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8 Big-Company Habits That Don’t Work In A New Venture

Startup Professionals Musings

In a new business, you are an integral part of every team, and the only member of many. Small businesses require collaboration and walking the talk. Entrepreneurs find it much harder to attract equity partners, compared to offering a premium salary to industry experts and people with highly relevant experience.

Salary 147